Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Transition to neutral at Citigroup

Svenska Handelsbanken AB (publisher) (OTCMKTS: SVNLYGet a rating) was downgraded by Citigroup stock analysts from a “buy” rating to a “neutral” rating in a research report released Wednesday, Fly reports.

A number of other stock analysts also weighed in on SVNLY. Deutsche Bank Aktiengesellschaft raised its price target on shares of Svenska Handelsbanken AB (publ) from SEK 100 to SEK 101 and gave the stock a “hold” rating in a research report on Tuesday, October 11. Credit Suisse Group lowered its price target on shares of Svenska Handelsbanken AB (publ) to SEK 86 in a Tuesday, July 19 research report. UBS Group upgraded shares of Svenska Handelsbanken AB (publ) from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 21. Finally, Barclays raised its price target on Svenska Handelsbanken AB (publ) shares from SEK 101 to SEK 104 in a Friday, September 2 research report. Two investment analysts have assigned the stock a sell rating, two have issued a hold rating and two have assigned the stock a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $100.17.

Svenska Handelsbanken AB (publ) Stock up 1.7%

Shares of SVNLY Stock opened at $4.81 on Wednesday. Svenska Handelsbanken AB has a 12-month low of $3.90 and a 12-month high of $13.95. The stock has a market capitalization of $19.05 billion, a P/E ratio of 8.75, a P/E/G ratio of 1.70 and a beta of 0.83. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt ratio of 0.21. The company has a 50-day simple moving average of $4.26 and a two-hundred-day simple moving average of $4.44.

Svenska Handelsbanken AB (publisher) (OTCMKTS: SVNLYGet a rating) last announced its results on Wednesday, October 19. The company reported EPS of $0.13 for the quarter, beating consensus analyst estimates of $0.11 by $0.02. Svenska Handelsbanken AB (publ) achieved a net margin of 33.03% and a return on equity of 10.72%. The company had revenue of $1.22 billion in the quarter. On average, research analysts expect Svenska Handelsbanken AB to post earnings per share of 0.47 for the current year.

Company profile Svenska Handelsbanken AB (publ)

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Svenska Handelsbanken AB (publ) offers a variety of personal and corporate banking products and services, primarily in Sweden, the United Kingdom, Norway, the Netherlands, the United States, Luxembourg, China, Germany, France and Poland. The company offers savings, transaction, business, currency and investment accounts, as well as cash, forestry and agriculture accounts; mortgage and pledge loans, and private loans; mutual fund; retirement products; credit and debit cards; and payment and reconciliation services.

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Analyst Recommendations for Svenska Handelsbanken AB (publ) (OTCMKTS: SVNLY)

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